$MARK Long -> $4.41 TargetRemark Holdings may actually be due for a reentry. I do believe that they have been tested multiple times, and it is due for a retest in a positive direction. My current target based on chart correlation is $4.41 as a GTC long entry. That said, this is quite risky as of now. Please do your own due diligence and invest at your own risk. Everything I am saying is on an opinion based basis.
Chartpatternstrading
$NNOX, Wait for the Catalyst + Short Squeeze (Low Volume)Nanox has been shortened alot, and now oversold on low volume. Looking at the RSI, it is quite low, and due for a breakout. Outside of this, I believe it has been announced that they have pre-orders for within the range of 15k machines. This accounts to what could be $1 billion in mostly revenue, if I understand currently from what has been said about the JP Morgan Virtual Conference. At the current market cap of $2.3B, this puts them likely under their fair overall enterprise value. Currently, FDA approval is a major catalyst that should be "soon" in regards to single source if everything goes well. Multi-source could be in the first half of 2021. It is currently a waiting game in regards to catalyst. There are also other big catalyst such as a factory announcement that may happen soon. Regarding patterns, I think overall a bullish setup is there. Currently, I am long. That said, do your own due diligence and invest at your own risk.
Long on $SMART EntryCurrently, I believe that Smartcash does have the potential of the next leg/wave up in regards to a positive retracement. Pattern is there, and w/ the current support levels in regards to the crypto market in general, I don't see a reason why the pattern would change. That said, please invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
Siacoin is Underrated, Next Wave Up Opportunity!In regards to technical analysis, I seriously believe that Siacoin is underrated and has much higher bull run + gains ROI potential compared to some of its counterparts. This also has to do in part w/ chart patterns, sentiment regarding their network, and the hard fork. The support should pickup, and a retracement wave is possible from the previous bearishness wedge. Please keep in mind, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence.
The $115+ NNOX Target + Patterns$NNOX is one of those volatile stocks that took the world by storm. If you don't like volatility, it is likely best to stay away from biotech or healthcare. That said, there are alot of expected catalysts. $NNOX have been heavily shortened, and it is in the opinion of many that lots of market manipulation has been and is going on. The short interest is low and the borrow rate is high. Currently as I see it, the pattern is still incrementally upwards. Nanox has the catalyst of factory announcements, FDA approvals for both single and multisource, plus the commencement of "device leasing". Currently with 4 catalyst, three of them that are expected to be big, a target of $115 seems reasonable. Support levels should be picking up soon, and unless one wants to flip for few cents or dollars per share as profit, this currently seems much better suited for a long term position. That said, I am long. Everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution. Opinions mentioned here aren't meant to warrant solicited financial advice.
Pattern Cheatsheet: Identfying a Broadening Top PatternThe Broadening Top pattern appears when price makes a straight upwards run (similar to the "Flagpole" of a Bull Flag Pattern, then swings between two expanding broadening trendlines with at least 5 touches.
It is a neutral pattern which means it can break out in either direction, on the bottom right examples i have explained how the pattern is identified, measured and traded for both Bullish & Bearish breakouts.
The idea is to get a entry early by identifying the pattern, (point A) which allows for a better Risk:Reward ratio and closer stop loss. The second potential entry is at point B, which is considered a Bullish or Bearish retest ( Support/Resistance flip it is also known as), but this area is a bit risker and has less "room to move".
The pattern can give a a sign that the price may have a higher chance in heading in a certain direction, and we can measure the height of the straight run upwards, aswell as the height of the two LARGEST SWINGS within the pattern to get two possible price targets ; one conservative and one less so.
The Broadening Top appears frequently on Bitcoin & Ethereum and has one of the better success rates out of all the different Broadening Patterns and is one of the easiest to trade & identify because often it works similar to a Bull Flag pattern.
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$10+ Target for MPLN Post-ShortI have not taken a position on $MPLN given I like fast growth stocks, however this looks quite interesting. This stock has recently been institutionally shorted and in a way kind of hammered by a small blog/activist firm. Now, $MPLN is about to release earnings extra early tomorrow. This might be a good buy entry opportunity. I do think a possible short squeeze can happen given what the market's reaction was today. That said, do your own due diligence, proceed with caution and invest at your own risk. Everything I say is on an opinion based basis.
Golden Opportunity End of October Missed, Resistance BreakoutI missed a golden opportunity for the end of October for a resistance wedge breakout. This was after my September bearishness, and the case for September was there. That said, it looks like a continuation of a bullish pickup and support pattern have been happening. The last few weeks, I have been doing the occasional watching from the sidelines and am seeing sentiment pickup especially given earnings. That said, invest at your own risk and do your own due diligence. Please consider everything I'm saying on an opinion based basis.
$NNOX: Gap Fill Started, Needs to Break ResistanceCurrently it looks like Nanox on Friday have started to dramatically shift up, especially after hours with lots of the logarithmic curve that was downward already starting to curve. It still has lots of resistance given the rise of short sellers and puts, but that resistance seems to be fading. According to Algowins, when looking at short activity, the worst day in terms of test with over -49.6 was on September 15th, this was when a short seller released a report against Nanox. The "fear index" at that time was likely high. If Nanox increases in positive sentiment which looks to be the case, likely support levels can continue picking up for stable positive retest + stock growth. That said, please consider everything I say "as is", and on an opinion based basis. Do your own due diligence, and invest at your own risk.
Friday May be a Good Time to Buy JUMIARight now with Jumia, I think a reentry today may actually be quite decent. Market is likely going to be extensively red today following obvious worldly news events. If you are looking to buy a potential reversal stock at a red day, JMIA may be in the radar. I feel it is also quite underrated given the potential it may have. That said, do your own due diligence and invest at your own risk.
Buy the Dips: Today is an Opportunity DayToday is a great "opportunity day" to average down, swing trade on volatility, or do buy and hold consolidations/dip buying strategies. Extremely unfortunate news, is that the US president and first lady have been diagnosed with Covid19 . Given futures, and market option, today looks to have lots of red or at least some bearish correlations. Pre-market especially will be brutal, and close may get intense. Panic selling on any red day or creating losses over opportunities, usually doesn't end well. That said, do your own due diligence and invest at your own risk.
NNOX: Logarithmic Curve FlatteningNanox has had quite alot of resistance after the short sellers' reports. However, the resistance seems to be slowly fading away. Right now, there is still alot of resistance and short pattern volume. The logarithmic curve for a bearish pattern seems to be curving, and it looks like it is slowly garnishing momentum and picking back up support levels. If Nanox is able to keep and garnish trader's interest, their could be possibility of a reversal soon. Either way, the long term potential seems to be there. I am long on this. That said, do your own due diligence and invest at your own risk.
$5 ACB Entry Worth the Risk?ACB seems to be extremely oversold, and though it is high risk, I may purchase or watch some shares as a catalyst to see where the pattern goes. There seems to be somewhat of a possibility that we have reached a bottom. If resistance breaks, this can trigger another bull run. Keep in mind though, this risk is still high considering all the bearishness. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
AMST: Decent IPO EntryAny entry for AMST under $5.50 I believe is decent. I think the stock is poised to go up and garnish some major support levels. Current target is at 115% current price. It is mid to high risk for an IPO surge, but I feel like the support level patterns at open usually follows that of the IPOs expected to garnish surge support. That being said, do your own due diligence and invest at your own risk. Consider everything I say on the basis of opinion.
10 Mid to High Risk Stocks for my Breakout WatchlistImagine holding SPI as a penny stock, selling it at 7% draw-down, and few month after waking up to see it somehow have went up 4000%? While I do think there might be a possibility of foul play or might not, I have obviously made a mistake. This lead me to create this list of ten stocks I am watching from the sidelines, that I may do a breakout entry for. These are mid to high risk, and the drawdown can be severe. Volatility is not for the faint of heart. JMIA has a lot of high growth potential, and I feel like it just needs to break the resistance curve. SLNG is not too high risk of an OTC stock if you are wanting to invest a bit in that sector. SXTC may be somewhat of an oversold penny stock. Hudson Capital seems like a dip in the real estate space. I also think it may have around the same potential as CBL, but I rather trade something new. RZLT is a biopharma play that I think may be underrated. NWGI has a decent buy target by many analyst (so I heard), and is in a trending market segment. Remark Holdings already had many dips and so did BBI. I think the current entry is one of the more decent ones. Adomani may be oversold, and they recently updated their executive team in which I am on the fence. While I think they need to start looking less at buses and more on expanding the electrification tech they have, I still think for the price they are, definitely has somewhat some long term potential. $TAKOF is extremely dirt cheap and underrated in my opinion. I think this is one of the more worthwhile "gambles". That being said, invest at your own risk and do your own due diligence. Please consider everything I say "as is" or on an opinion based basis. This is not meant to be taken as actionable financial advice.
NZD/USD Sell signal Double Top. Spotted a double bottom formation on both the 4hr and daily time frame. Look for a breakout of the neckline and place your order. Take profit will be the length the top of the formation to the neckline.
On the Watchlist: FNKO and HLFNKO entry was at $6 and $HL was at $5.28. Target: 15 to 20%+. FNKO currently has had alot of resistance and is on alert for likely to pickup support. HL recently dipped along with the rest of the market. I am bullish on both with some mid to high risk diversification. That being said, do your own diligence and invest at your own risk. Please consider everything I say as on an opinion based basis.
Could LAC go up on Battery Day Too?Right now, a stock that have interested me is $LAC. Currently, I was neutral on it, but am leaning towards a potential bullish sentiment. The support levels have been picked up to the point where it seems like high risk for a correlation. However, given battery day, I think that this still may have a higher support level for an even more incremental spike (Off of Tesla sentiment believe it or now). Once that spike happens, perhaps it would be time for a healthy pullback strategy + reentry on a swing. That being said, do your own due diligence and invest at your own risk. Please don't take what I say as actionable financial advice. Everything I say as always is on an opinion based basis, and taken "as is".
Unity Software: Support Line at $68Unity is one of those unique cases where I wanted to invest, but the opening seemed too high. Now for a long position, a decent entry target for riding a wave might be at $68 with potential correlation patterns upwards to $70+. If I were still interested, I would likely do buy at $68, with target to $85 and a stop loss at $66.25. That being said, do your own due diligence and invest at your own risk.
CMPS: $34+ TargetRight now, I think that CMPS has at the bear minimum a $34 target, and likely one should do risk analysis to see if they might want to continue from there. Probably a wide range auto sell with stop loss for a long position might not be too bad later on as well. Support levels seem to be picking up on this one. That being said, do your own due diligence and invest at your own risk.
The Dip Retracement Potential -> NWGI Long IdeaRight now I have a similar sentiment as I have had with PENN on the NWGI idea and market. Suggested entry was at $1.90. I'm bullish that it is starting to pickup current support levels after the previous dip and you may see a positive retest and bull run continuation afterwards. That being said, do your own due diligence and invest at your own risk. Please consider everything I say "as is" or on the basis of opinion.
eBay Long StrategyMy entry is at $48.49 and I'm expecting resistance towards $48.75 and the $50 levels. My long target is upwards of $56+. Right now, I think eBay recently had a downtrend correlation, but is about to pickup some support levels for where it left off. I consider it low to mid risk as a long term hold. That being said, do your own due diligence and invest at your own risk.
Support Line for Sumo @ $25Right now, currently I think that the support line for SUMO which I called yesterday is $25 as a decent entry. $25 being a bit pricier than the $22 expected open price, but still quite reasonable for a long position. I think resistance may not pop it more then that point. That being said, do your own due diligence and invest at your own risk. Consider everything I say "as is" or on an opinion based basis.
